Spectator on facebook

Spectator on facebook

Hankook wants to go to Hungary

THE KOREAN tire maker Hankook Tire announced on Monday that it had decided to build its new factory in Hungary, the SME daily wrote. The investment, which will be worth at least half a billion euros (Sk20 billion), was originally promised to Slovakia, but the company withdrew after the Slovak cabinet refused to confirm generous state incentives offered by former Economy Minister Pavol Rusko.

After the location of the investment was announced, the Economy Ministry told journalists that it had received a letter from Hankook Tire in which the company agreed to reopen investment negotiations with Slovakia.

Hankook spokesman Kim Sung-joong told Reuters that this decision could still be reversed depending on how negotiations on detailed terms with Hungary proceeded. The Slovak embassy in the Korean Republic also confirmed that this was not the company's final decision.

Compiled by Magdalena MacLeod from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

NAKA detains businessman Kočner

The shady businessman featured in several scandals was detained June 20 in connection to questionable promissory notes and tax-related crimes.

Marián Kočner

Last Week in Slovakia: Farmers staged a protest by driving across the country Audio

Listen to all the headlines from The Slovak Spectator's news podcast.

Farmers also met President Andrej Kiska in Bratislava

Report: Slovak-made arms could end up in terrorist hands

A report published at GLOBSEC points out that arms coming form Slovakia were used in Charlie Hebdo and Munich mall attacks.

Illegal arms keep surfacing in Slovakia as well. Illustrative stock photo

What are the biggest challenges of Slovak journalism?

Trust in the media slightly increased following the murder of journalist but it may not last.